1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bulgar [2K]
3 years ago
7

QUESTION 6 of 10: A business with two owners where the profits are taxed as income to the owners is most likely a:

Business
1 answer:
likoan [24]3 years ago
8 0

Answer:

The answer is A

Explanation:

A partnership is similar to a sole proprietorship, except the business has 2 or more owners. These owners are responsible for all aspects of the business and receive all the profits from the business. Legally, the owners ARE the business.

You might be interested in
What power does a market leader in an oligopoly have
s2008m [1.1K]
Oligopoly a market structure in which a few late firms dominate a market.
6 0
3 years ago
Read 2 more answers
Chang Industries has 2,200 defective units of product that already cost $18 each to produce. A salvage company will purchase the
ipn [44]

Answer:

The $18 per unit is a:

sunk cost.

Explanation:

Chang's cost incurred per unit of $18 is a sunk cost.  A sunk cost is a cost that has already been incurred.  It does not make a difference in a future decision. This implies the Chang may decide to correct the defect or otherwise.  What decision it takes should be based on the cost and revenue that results from the next decision, and not the past decision.

8 0
3 years ago
The 2020 accounting records of Novak Corp. reveal these transactions and events.
anastassius [24]

Answer:

         Statement of Cash Flows (Direct Method)

          For Year Ended December 31, 2020

Particulars                                             Amount

Cash Flows from operating activities:

Cash Receipts from:

Customers ($50800+ $190100)   $240,900

Dividend Revenue                         $18,800           $259,700

Less: Cash payments:  

For Interest                                     -$10,000

For Income Taxes                          -$16,900

To suppliers for Merchandise       -$115,600

For Salaries and wages                  -$57,100

For Operating Expenses                -$28,300     -<u>$227,900</u>

Net Cash provided by operating activities       <u>$31,800</u>

4 0
3 years ago
When mu manufacturing co. exports their technological know-how in exchange for a fee, they are entering foreign markets through
Anna007 [38]
The appropriate response is the turnkey project. One of the unique methods of completing universal business is a turnkey project. It is an agreement under which firm consents to complete configuration, build and prepare a business office and turn the venture over to the buyer when it is prepared for operation for a compensation.
5 0
3 years ago
Currently, Warren Industries can sell 15-year​, ​$1,000​-par-value bonds paying annual interest at a 12​% coupon rate. Because c
Korolek [52]

Answer:

11.57% and 9.02%

Explanation:

For computing the before-tax and after- tax cost of debt we use the RATE formula i.e to be shown in the attachment below:

Given that,  

Present value = $1,050 - $20 = $1,030

Future value or Face value = $1,000  

PMT = 1,000 × 12% = $120

NPER = 15 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 11.57%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 11.57% × ( 1 - 0.22)

= 9.02%

6 0
3 years ago
Other questions:
  • An HR department at a manufacturing firm wants to ensure that applicants for production jobs provide complete information about
    10·2 answers
  • Darrell inherited a large amount of money from his uncle. darrell wishes to start his own business, and his lawyers encourage hi
    15·1 answer
  • Which of the following week payment types require you to pay upfront
    6·1 answer
  • The problem faced by the lender that the borrower may take on additional risk after receiving the loan is called
    15·1 answer
  • This term refers to the practice of buying stocks or securities with cash borrowed from a stock broker, in the hopes of paying b
    10·1 answer
  • Onyxo Inc., a consumer electronics company, is the leading manufacturer of LCD televisions. LCD technology has been its core com
    13·1 answer
  • You have $1,000 to invest. You invest 25% in a Money Market account, 50% in stocks, and 25% in bonds. What is the dollar amount
    5·2 answers
  • During the year, a company purchased raw materials of $77,323, and incurred direct labor costs of $125,900. Overhead is applied
    14·1 answer
  • Describe strategies that companies can employ to help ensure that employees approach transfers and promotions, particularly when
    8·1 answer
  • A manager feels confident that earnings will increase in the next few months and therefore believes it will benefit himself, his
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!